Maritime Resources (CVE:MAE) Hits New 52-Week High – Time to Buy?

Maritime Resources Corp. (CVE:MAEGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07, with a volume of 565060 shares trading hands. The stock had previously closed at C$0.06.

Maritime Resources Trading Up 7.1 %

The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83. The stock has a market cap of C$62.33 million, a price-to-earnings ratio of -3.75 and a beta of 1.38. The company’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05.

About Maritime Resources

(Get Free Report)

Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties. The company primarily explores for gold, silver, copper, lead, and zinc deposits. It also holds 100% interests in the Lac Pelletier project that consists of 16 mineral claims and 1 mining lease covering an area of 443 hectares located in Rouyn Noranda, Quebec; and Wright Property located in Temiscaming, Canada.

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